Japan-based Spiber Invests in Right to Work Iowa Location
Spiber is a Japanese biotech company that focuses on producing synthetic proteins to replace spider silk in things such as clothing. They are now reporting plans to soon invest in a new location in Clinton, Iowa. In order to start things off, they are investing a total of $101.4 million toward their new manufacturing facility here. Of course, they will need to hire new people in order to run the facility effectively. So this will be a great economic opportunity for the area.
From Area Development Magazine:
“Even during these unprecedented times, Iowa is a place of opportunity and economic vitality. […] I look forward to building on this partnership as we work to broaden and diversify Iowa’s robust manufacturing sector.” […]
“Iowa has a deep understanding of the positive impact potential of projects like ours and has created an environment that is conducive to success. We are thrilled to bring our production to Clinton.”
“We’re proud of our unmatched fermentation technology, and we’re excited to partner with Spiber to bring those capabilities together with our engineering expertise and long value-chain to create plant-based polymers that will go into everything from clothes to car seats. […] We’re equally excited to bring this job-creating project to the Clinton region.”
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